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Health IT Business News Roundup for the Week of May 8, 2009

Friday, May 8, 2009

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Health IT Business News Roundup for the Week of May 8, 2009

Friday, May 8, 2009

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Philips Healthcare, a health care software company, has acquired Traxtal, a vendor of navigation software, for an undisclosed sum...Bio-Imaging Technologies, a provider of IT tools to support clinical trials, has purchased Etrials Worldwide, a provider of clinical trial data management software, in a cash and stock deal worth about $10 million...Emdeon, a vendor of claims clearinghouse and billing/remittance services, will acquire the Sentinel Group, a vendor of software and investigational services to combat health care fraud, for an undisclosed sum.

Athenahealth, a vendor of outsourced physician billing services, reported a Q1 2009 net income of $2.3 million on $42.1 million in revenue...WebMD Health, a provider of medical information content Web sites, reported a Q1 2009 net income of $2.8 million on $90.3 million in revenue...Eclipsys, a clinical software vendor, recorded a Q1 2009 net loss of $900,000 on $130.2 million in revenue.

Contracts

Methodist Medical Center of Illinois will use InformMed's Pac2 for Nurses device...Fremont-Rideout Health Group in California, Bermuda Hospitals Board and Nyack Hospital in New York have selected payroll and management tracking software from API Healthcare...Bates County Memorial Hospital in Missouri has selected MedGenix'financial and patient management system...Mary Lanning Memorial Hospital in Nebraska has chosen McKesson's Practice Partner EHR and practice management software.

Product Development and Marketing

Ardentia, Clinical Solutions, Systems C Healthcare, Lawson Software, Perceptive Software, SciQuest and Sun Microsystems have launched a venture called One Health Alliance to help government and private entities in Europe, the Middle East and Africa buy health IT software...Allscripts-Misys Healthcare Solutions, an EHR vendor,and Cardinal Health, a health care distributor, are partnering to encourage solo- and small-practice physicians to adopt health care IT...Doctors' Administrative Solutions, a provider of software for physician practices, will offer iMedica's Patient Relationship Manager and Transition EHR systems to physician practices.